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Use a fully labeled diagram of the market demand curve and market supply curve to illustrate each of the situations required. For each case, show CLEARLY on the diagram the original and the new equilibruim positions and the shift of the relevant curve. Use arrows on the diagram to indicate the direction of any change in equilibruim quantity.
q.your bike is worth 200 and if you park it outside on campus there is a 10 chance that it will be stolen.a. what is
The relative price rule is equivalent to saying the marginal utility per dollar is the same for both goods, or goods should be consumed in the same ra5tion as their relative price.
What happened to marginal tax rates of individuals during the Great Depression, and how did that affect unemployment during that time?
A statement that expresses the income statement items as a percent of total sales is called:
a. Now what is the expected loss? b. What is the maximum amount this individual is willing to pay for insurance against a heart attack? c. What is the risk premium?
Suppose that a bank has assets: some required reserves, some excess reserves, some loans, and some securities. If they change their strategy, by how much can they increase their loans?
What is protectionism? Explain what trade protectionism is, example: health and safety regulation. What are the argument favor of trade protectionism and what are some opposite or drawback of this.
Evaluate the federal fiscal policy and monetary policy in terms of the Austrian approach to macroeconomics and the Structuralist Keynesians. While preparing your answer, pay particular attention to their impacts on the national economy and income dis..
You are considering purchasing a savings bond that will pay $100 in five years. The market interest rate currently is 3% per year. What should you be willing to pay to purchase this bond today? Suppose the interest rate goes up next year, to 4% per y..
The government budget is balanced, with government purchases and taxes both fixed at $1,000. Net exports are$100. Investment is $600. Find equilibrium GDP
An industry which generates detrimental externalities will have a marginal social cost higher than the marginal private cost to the industry.
Differentiate between the short run and the long run? What is the appropriate time dimension of the long run?
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